Roll call of winners from Xstrata merger likely to get longer still

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This was, whatever you read elsewhere, a good week for the City. On Tuesday
the proposed merger between Glencore International and Xstrata finally was
voted through by both sets of investors.

This creates a mining powerhouse with a combined market capitalisation of more
than £55 billion as it stands, one of the biggest natural resources
companies quoted in London. Indeed, as the week progressed, that market cap
actually grew by almost £4 billion amid relief that the deal was going
ahead.

The wrangling over the Glencore-Xstrata tie-up seems to have been going on for
years. In fact, the deal was

It is understandable that the construction of an air-polluting,
noise-blighting £22 billion third runway to turn Heathrow into the world’s
pre-eminent superhub caught the eye, but the Davies report into airport
expansion also made another radical suggestion: that — third runway or not —
Heathrow should start acting like the UK hub that it pretends to be